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That describes startup companies in general. It's about taking over a market that is run by small companies and driving them out of business by using Wall Stree
by guelo 13y ago
That describes startup companies in general. It's about taking over a market that is run by small companies and driving them out of business by using Wall Street money to generate efficiencies of scale.
- JumpCrisscross 13y agoSo a pox on those who seek to reduce costs through scale and redundancies? It appears there is a lack of short-stay housing supply. AirBnB facilitates that market. Short-stay property owners should seek to spread their operating costs across multiple properties. This will drive out mom-and-pop operations - that is good business. The added wealth from leaner short-stay operations should make up for the temporary displacement. The displacement is a process our political process has to manage. But spitting on markets for eroding the incumbent's edge is an old game for tired societies.
- vacri 13y agoIt appears there is a lack of short-stay housing supply. AirBnB facilitates that market. AirBnB undercuts existing hotels by sidestepping required regulations. There isn't a lack of short-stay supply; AirBnB just works more cheaply because it has fewer expenses. The added wealth from leaner short-stay operations should make up for the temporary displacement. The point of the parent comment is that that wealth is not kept in the town, but siphoned off somewhere else.